Tag Archives | Lebanon

Kurdistan Potato Processor opens state-of-the-art Storage Facilities

By John Lee. A Kurdistan-based manufacturer of potato chips (crisps) has reportedly opened a new state-of-the-art potato storage facility. According to PotatoPro, Beirut Erbil for Potato Products (BEPPCO) installed ten cold storage rooms on an area of 5,332 square meters, with a storage capacity about 10,000 tons. The company sells under the brands Mr. Krisper […]

Iraq and Lebanon sign Fuel Barter Deal

By John Lee. Iraq and Lebanon have finalised an agreement under which Iraq will provide the Lebanese Electricity Corporation with 1 million tonnes of heavy fuel oil over a one-year period. Lebanon's caretaker Energy Minister, Raymond Ghajar, signed the deal in Baghdad at the weekend. The oil will be paid for in goods and services. […]

Iraq-Lebanon Fuel Oil talks "Shrouded in Mystery"

By Noam Raydan, for Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-Lebanon fuel oil talks remain shrouded in mystery Despite Lebanon's deepening financial crisis, its politicians remain committed to the same stop-gap measures that have crippled the country's dilapidated electricity sector. […]

More Lebanese Doctors leave for Iraq

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. More Lebanese doctors leave for Iraq As Lebanon is sinking deeper into an unprecedented financial and political crisis, many medical doctors are increasingly packing their bags and leaving for […]

NBI takes over Bank Audi's Iraqi Branches

Capital Bank and Bank Audi Sign Definitive Agreements for the Sale of the Assets and Liabilities of Bank Audi Branches in Jordan and Iraq Capital Bank Group and Bank Audi Group have announced the signing of the definitive agreements for the acquisition by Capital Bank of the operations of Bank Audi's Jordan Branch Network, and […]

Iraq to Export Fuel to Lebanon in 2021

Iraq will begin exporting fuel to Lebanon starting January 2021 at "global prices", Minister of Oil Ihsan Abdul Jabbar announced. Abdul Jabbar's remarks came in a statement on Monday after his meeting with his Lebanese counterpart, Raymond Ghajar, in the Iraqi capital city of Baghdad. "Exported fuel will be part of a surplus over the […]

Capital Bank to buy Lebanon's Bank Audi

By John Lee. Jordan's Capital Bank has said that it has signed a letter of intent to acquire assets and liabilities of Lebanon's Bank Audi. It's Chairman told Reuters that the bank has already begun due diligence on buying Bank Audi's Iraqi units. Click here to see the stock market annoucement. Click here to read […]

Beirut Explosion: Iraq sends Aid to Lebanon

By John Lee. On Wednesday evening, the Lebanese Prime Minister Hassan Diab received an Iraqi delegation headed by Oil Minister Ihsan Abdul-Jabbar, representing Iraqi Prime Minister Mustafa Al-Kadhimi, and which included Deputy Health Minister Hani Al-Aqabi, Chargé D'affaires, Amin Al-Nasrawi, Political Advisor Ahmad Jamal and Oil Minister's Office Head Haidar Obaid, in the presence of […]

Iraq Extends Ban on Regular Flights

By John Lee. The Iraqi Civil Aviation Authority (ICAA) has reportedly extended of the ban on regular flights in the country until 15th July. According to Xinhua, the ban includes both domestic and international flights with the exception of those of emergency, medical evacuation and air cargo as well as planes that cross Iraqi airspace. […]

Know your Attorney!

Advertising Feature By Racha Haydar, Founding Partner, Rights and Honors. "It's a rough road that leads to the heights of greatness," Lucius Annaeus Seneca. Thriving on challenges, my journey initially started in Lebanon in 2013, with a big dream and a big vision at heart, soon my services extended to challenging business environments across the […]

Iraqi "First Digital-Only Payment Card"

Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ‘Neo‘ in Iraq to serve the underbanked Iraqi population, the two companies announced in a […]